CREDITS 2 (LV) 3 (ECTS) - 32 Contact Hours
This course develops students’ ability to measure, record and communicate the financial information of the company. Being the first course in Accounting (and followed by Financial Accounting), Business Accounting provides an important base for the upcoming studies of the students. The course starts with recording accounting transactions and learning the principles and concepts of accounting, followed by preparing the financial statements, making adjustments to the financial statements and identifying the interconnection between the financial statements. The content of the course could be divided into two parts: recording the basic accounting transactions and preparing basic financial statements; and making adjustments to the financial statements. The two parts of the course are divided by the case study. The first part of the course is taught in a simpler and slower pace to establish a profound understanding of the basics of accounting. The second part of the course fully relies on the knowledge base as provided during the first part- the development and amount of studying material in the second part of the course are increasing fast. The students are strongly encouraged to study intensively from the very beginning of the course.
The course contains lectures and seminars. The lectures will cover the theoretical material and will be followed by practical seminars when the problems will be solved and solutions discussed and analysed.
The problems covered during the seminar are stated in the course outline of this course. To prepare for the upcoming seminar, students need to read the chapters stated in the course outline together with the review questions. The only way of learning accounting properly is to solve as many exercises as possible. During this course, we will combine both theory and problem solving to ensure the best grade for the course.
- Teacher: Nataļja Točelovska